East West Holdings to acquire stake in Unique Airfreight Express and Logistics Pvt Ltd

East West Holdings Ltd has entered into Share Purchase Agreement (SPA) on 5th July, 2022 with Unique Airfreight Express And Logistics Private Limited for acquiring 37.5% stake in Unique Airfreight Express And Logistics Private Limited in the first Tranche and the remaining 62.5% stake will be acquired within a period of 1 year on the terms and conditions as specified in the Share Purchase Agreement.

The Company is engaged in the business of providing Integrated Distribution and Transportation Solutions Specialist for the Pharma, Life Science and Healthcare Industry for the past 23 years. The Turnover of the Company as per the latest Audited Balance as on 31/03/2021 is Rs. 9.85 Crore and Net worth is Rs. 4.21 Crore.

The Cost of acquisition is Rs. 4 Crore.

Pharma, Life Science and Healthcare Industry play a major role in the growth of the overall economy and its expected to grow in the near future. Unique Airfreight Express And Logistics Private Limited specializes in providing Integrated Distribution and Transportation Solutions to Pharma, Life Science and Healthcare Industry for the past 23 years. They have created brand name and Niche Market for themselves, wherein majority of their clients consist of Pharmaceutical companies. In order to diversify the existing business and boost our revenue the company is making strategic investment by acquiring the entire Business of Unique Airfreight Express And Logistics Private Limited on a going concern basis.

Shares of East West Holdings Ltd was last trading in BSE at Rs. 6.82 as compared to the previous close of Rs. 6.91. The total number of shares traded during the day was 15969 in over 48 trades.

The stock hit an intraday high of Rs. 7.15 and intraday low of 6.65. The net turnover during the day was Rs. 109511.00.

Source : Equity Bulls

Keywords

EastWestHoldings INE595R01023 Acquisition UniqueAirfreightandLogistics TransportationSolutions